White House economic adviser Kudlow says U.S. will stay in "pause mode" for next 20-30 days

Market news

1 May 2020

White House economic adviser Kudlow says U.S. will stay in "pause mode" for next 20-30 days

Says they want to see what happens with latest tranche of financial help
White House emphasis will be on future growth incentives
Will take another bad hit in Q2 because of virus
Expects very strong growth in H2
Says White House wants to remove regulatory handcuffs on businesses

Before the bell: S&P futures -2.12%, NASDAQ futures -2.35%

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